Overview

• The foundation said it will convert 10,000 ETH through centralized exchanges over several weeks using multiple smaller orders.
• At Tuesday prices the tranche equated to about $43 million, according to CoinMarketCap.
• Proceeds are designated for research and development, ecosystem grants, and related donations.
• The plan follows a June treasury policy that caps annual operational spending at 15% and sets a multi‑year reserve buffer.
• The announcement follows a July sale of 10,000 ETH to SharpLink Gaming and other reported conversions earlier this year, as ETH traded near $4,330 after setting a late‑August record and the foundation paused open grant applications to revamp its process.